zhipengcfel

Elliott wave analysis on Shanghai Class A Index (2016-04-24)

INDEX:XGY0   Shanghai Class A Index
Shanghai class A index             is coming to a resistance level at around 3166~3280. It also meets a resistance from the bearish trend line .
From EW analysis the previous ABC correction might be part of the DIAGONAL TRIANGLES. It will be a good opportunity to go long after the wave E is finished which might go back to 2650~2750. After finishing the wave E, it might bounce up to 3738 and higher.

Good luck for everyone!

Notes: If it breaks the bearish trend line , the diagonal triangle will be invalid. It will be safe to join the long which might continue going up to 3738 and higher.
Comment: Monthly chart:
snapshot
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out